Here are the steps on how to incorporate a private limited company in India:
- Choose a name for your company. The name of your company must be unique and must not be already registered with the Ministry of Corporate Affairs (MCA). You can check the availability of a company name on the MCA website.
- Get a Director Identification Number (DIN) for each proposed director. A DIN is a unique identification number that is required for all directors of companies incorporated in India. You can apply for a DIN online on the MCA website.
- Get Digital Signature Certificates (DSCs) for each proposed director and shareholder. DSCs are secure digital certificates that are used to sign electronic documents. They are required for filing documents with the MCA. You can apply for DSCs online on the MCA website.
- Draft the Memorandum of Association (MoA) and Articles of Association (AOA). The MoA and AOA are the governing documents of a company. They set out the company’s name, objectives, capital structure, and other important details. You can draft the MoA and AOA yourself or you can hire a lawyer to do it for you.
- File the SPICe form with the MCA. The SPICe form is a simplified form that can be used to incorporate a company. You can file the SPICe form online on the MCA website.
- Pay the incorporation fees. The incorporation fees are payable to the MCA. You can pay the incorporation fees online on the MCA website or you can pay them at a designated bank.
- Get the Certificate of Incorporation. The Certificate of Incorporation is the document that proves that your company has been incorporated. You will receive the Certificate of Incorporation by post from the MCA.
Here are some additional tips on how to incorporate a private limited company in India:
- Get help from a lawyer or a company formation agent. They can help you with the legal requirements and can make the process smoother.
- Do your research and understand the legal requirements before you start the process. This will help you to avoid any mistakes.
- Be prepared to provide all the required documents and information. The MCA will not process your application if you do not provide all the required documents and information.
- Be patient. The process of incorporating a company can take a few weeks.